The target-date
portfolios combine 3D Asset Management’s strategic approach to target-date fund
(TDF) investing with Newfound Research’s rules-based, tactical asset-allocation
capabilities. Under the new approach, 3D Asset Management serves as the adviser
and Newfound Research as the sub-adviser for client accounts.

Collective investment
funds (CIFs) will be used to offer portfolio options targeting seven retirement
dates ranging from 2015 to 2055, according to the firms. As the strategies
unfold, the 3D/Newfound partnership is designed to allow investment managers
specializing in their respective strategic and tactical disciplines to
collaborate and deliver the best of both management styles to plan sponsors and
participants.

Each target-date
portfolio can serve as a unique qualified default investment alternative (QDIA)
choice for plan sponsors and will provide plan participants with an investment
designed to optimize or reduce exposure to equity markets in accordance with
current market cycles and their individual retirement time horizon.

As with other 3D Asset Management products, the PrudentPath series will be
distributed exclusively through financial advisers, and will be available in
three share classes of CIFs, as well as through unitized portfolios on Mid
Atlantic Trust Company’s ModelxChange platform.